Overview of Logistics and Shipping Services in India

The fast paced growth and development of the Indian economy has contributed to the subsequent growth of transport and trade to various countries. Most of the people in the country seek jobs beyond the geographical boundaries. This has increased the need for logistic companies in the country. Today there are innumerable logistic companies in India which provide adequate services to transport goods and people through various modes of transportation.

Growth of Shipping Services and Logistic Companies- A Glimpse

India has witnessed tremendous growth and development in the recent years. The inexplicable growth of trade has further escalated the growth of logistic companies in the country.

Infrastructural development: The shipping services of the country have witnessed unique growth due to the infrastructural development of the economy. The use of internet facilities and better communication has also led to the development of shipping services and global trade.

Online Trade and E-marketing: The growth of e-marketing and online shopping is another key factor that has led to the growth of logistic and shipping services in the country. Most of the people prefer to buy commodities through online trade portals.

The shipping services ensure timely delivery of goods to the customers. In the early days, sea freight services were quite inadequate but with the growth of international trade and B2B portals, the shipping services of the country have obtained an admirable position among the shipping companies in the world.

Development of Industries in the country: Indian industries have catapulted to new heights with better facilities offered by the logistic companies. Various industries such as the pharmaceuticals, textile industry in india and iron and steel industries supply their products to foreign countries. These companies depend largely on logistic and shipping companies to expand their business across the world. Moreover, most of the logistic companies in India provide exemplary services to several industries which include labeling, sealing, packaging and distribution of the goods.

Growth of International shipping companies: Today there are several international logistic and shipping companies in the country. A number of Indian shipping companies have been established due to the growth of global shipping companies.

According to the recent surveys, the logistics and shipping services in India are among the most profit yielding sectors of the economy.

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An Overview of Shipping and Cargo Industry in India

Shipping companies have always been applauded for their contribution towards international trade. The global marketplace is highly dependent upon the shipping businesses that facilitate different countries to import and export anything to everything existing on this planet. It can be easily said that the shipping and cargo industry has enjoyed a glorious history right from its inception.

Trade ships of various kinds are operating in thousands around the world. The importance of this industry is expected to keep on rising with growing popularity of the concept of global marketplace. Here is a discussion providing an overview of the cargo shipping businesses.

Three Big Advantages
There are three main advantages that make shipping a superior mode of transportation over other modes:

• Ships of different types can be used to transport cargo which may be of any size or weight.
• Ships contribute less towards the environmental pollution as compared to the land based transportation modes.
• Despite of their growing demand, ships have always been the cheapest mode of connecting the trading company across the globe.

Cyclic Highs and Lows
An interesting aspect of shipping companies is that they experience cyclic highs and lows that are directly linked to the fluctuations in the global economy. Even then, the demand for services offered by shipping businesses has never gone down. The recent global recession is the fresh example which affected the shipping industry at the global level. The countries supplying different types of consumer goods to the world had to suffer due to the downturn. However, the year 2010 saw improvement in the situation and the shipping industry once again headed towards its cyclic boom.

Types of Cargo Ships
The trade ships operated by the shipping companies can be primarily divided into three main categories:

• Dry bulk carrying ships, which carry goods like coal steel, grains and less weighing goods.
• Wet bulk ships that carry crude oil, liquid chemicals and paints and other goods in liquid form.
• Container ships that carry finished goods from the manufacturing countries to the countries where they are consumed.

While dry bulk ships stayed in good form during the recession period and also in the beginning of 2010, the wet bulk ships showed moderate performance. It was the container ships that recorded the adverse effects of recession period. Though, one can expect the things to improve for container ships with the passage of time.

Shipping Business Ownership Statistics

In terms of dead weight tonnage, the shipping companies located in Greece are currently leading the shipping industry. They are followed by the companies located in Japan, Norway, Germany, China and the USA. Panama leads the world in terms of total registered tonnage of 173 million tons. It is followed by Liberia with a round 80 million tons and Bahamas with 47 million tons.

More than 1 million shipping companies are managing nearly 50,000 trading ships of various types around the world. This is indeed a good proof to confirm that cargo shipping industry is the main supporter of the international trade.

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An Overview of Indian Shipping and Cargo Industry

The Indian peninsula is blessed with the coastline that extends up to 7,500 km on the three sides. This provides ample opportunity to the Indian shipping industry and shipping companies to contribute towards trading opportunities. Right from the ancient times, the Indian coastline has been the destination for foreign traders hailing from different countries of the world.

There are numerous ports that have been established in different states sharing the Indian coastline. There are more than 900 ships of different kinds that are operated by the Indian shipping industry. Many of them are utilized for the purpose of international trade.

India has a thriving economy and it is well-supported by it cargo shipping industry. The Indian goods in different categories have earned great recognition in the global marketplace. This has consequently helped the Indian shipping industry to grow as well. It is indeed impressive to know that 90 percent of the trade from country is done with the help of ships.

Wet cargo is one of the most demanded trade entity from the Indian coastline. Due to availability of crude oil in abundance, the wet cargo ships from India enjoy the opportunities to participate in growing export from the country. Dry cargos as well as finished goods too are advancing towards high levels of success.

There are some challenges that the Indian shipping industry needs to overcome to make its way towards the targeted goals. For instance, the shipping companies need to collaborate with their foreign counterparts to ensure all round development. Going further, the shipping companies in the country needs to explore the trade of goods like liquefied natural gas to earn more profit.

As per the reports, the number of vessels at the Indian coastline grew up to 912, with shipping tonnage crossing the mark of 9.3 million tons. This helps the country to have a count among top 20 nations with largest fleet size. Also, the country tops the list of developing nations as far as shipping cargo industry is concerned. All these statistics indicate that the Indian shipping industry is on the right track to achieve a good status globally.

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An Overview of Shipping and Logistics Businesses in India

It was anticipated a few years ago that India is going to have fast-growing shipping and logistics industry. The Indian shipping businesses have grown up as per those expectations. The remarkable growth of the Indian economy attracted shipping and logistics businesses from all over the world. And today, these businesses are contributing towards the exponential growth rate of the economy.

Another reason for the growth of the Indian shipping businesses and shipping companies is the improvement in the required infrastructure. The conditions of roads are getting improved with passage of time. Most importantly, the use of information technology has further helped these businesses to serve their customers in the best possible manner.

The simultaneous growth of various industries has also driven the popularity of the Indian shipping businesses. For example, textile and pharmaceutical industrial sectors in the country utilize the shipping and logistics services in a number of different ways. Labeling and packaging and distribution of packaged products are among the main facilities that shipping and logistics businesses in India offer to these industries.

With the growth of the trend of online shopping, the shipping and logistics industry is among those which have attained benefits out of this trend. Order processing has become as important part of the customer-oriented services of online stores. On time delivery is one of the main aims of these stores that has been made possible by the Indian shipping businesses. Shipping of products a few years back was in a poor condition in India and today, it has become an admirable aspect of shipping and logistics companies.

A number of international level shipping and logistics companies have established their services in the country. These shipping companies not only serve at national, but at international level as well. This has further added speed to the growth of the Indian logistics industry.

As per the latest surveys, the Indian shipping and logistics industry is about to attain the size of around 125 billion US dollars. It is expected to increase three times of this figure by 2015. This clearly indicates that the shipping and logistics businesses in India are among the top profit makers in the present day situation.

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